Axyal
ActiveSummary
The computed 12-month bankruptcy probability of Axyal is 2.0% (moderate). The 2025 annual accounts show equity of €742,037 and a net result of €8,021. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 128 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability20▲+20
Solvency100=
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
cash: 8.7% of total assets, and 0% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 27
Relative position
BE, all sectors
reference
Manufacture of electrical equipment (NACE 27)
about 104% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
100%
Return on assets
1.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
21 d early
2024
8 d early
2023
13 d early
2022
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 18 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€742,037▲ 1.1%
2024 · €734,016
Total assets
€742,037▼ 13.0%
2024 · €852,614
Net result
€8,021
2024 · -€556,827
Working capital
€729,242▼ 43.2%
2023 · €1.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€182,474--€626,116▼ 243%-€573,578▲ 8.4%-€8,459▲ 98.5%
Net result-€182,272below the sector's middle half--€626,885below the sector's middle half▼ 244%-€556,827below the sector's middle half▲ 11.2%€8,021within the sector's middle half
Equity-€82,272below the sector's middle half-€1.3mwithin the sector's middle half€734,016within the sector's middle half▼ 43.1%€742,037within the sector's middle half▲ 1.1%
Total assets€79,215below the sector's middle half-€1.3mwithin the sector's middle half▲ 1,571%€852,614within the sector's middle half▼ 35.6%€742,037within the sector's middle half▼ 13.0%
Debt€161,488-€32,623▼ 79.8%€118,597▲ 264%
Working capital-€85,036below the sector's middle half-€1.3mabove the sector's middle half€729,242within the sector's middle half▼ 43.2%
Solvency-103.9%below the sector's middle half-97.5%above the sector's middle half▲ 201.4pp86.1%above the sector's middle half▼ 11.4pp100.0%above the sector's middle half▲ 13.9pp
Current ratio0.47below the sector's middle half-40.35above the sector's middle half▲ 39.877.15above the sector's middle half▼ 33.20
Return on assets (ROA)-230.1%below the sector's middle half--47.4%below the sector's middle half▲ 182.7pp-65.3%below the sector's middle half▼ 17.9pp1.1%within the sector's middle half▲ 66.4pp
Staff (FTE)1below the sector's middle half-3.4within the sector's middle half▲ 240%4within the sector's middle half▲ 17.6%2within the sector's middle half▼ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8,459 in 2025 against €573,578 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €742,037
Fixed assets
€2,270 ▼ 52.5%
Current assets
€739,767 ▼ 12.7%
Key figures and ratios
EBITDA
-€5,954▲
2024 · -€571,074
Cash flow
€10,525▲
2024 · -€554,323
ROE
1.1%▲
2024 · -75.9%
Interest coverage
-9.72▲
2024 · -1002.91
Staff costs
€27,987▼
2024 · €320,732
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.7%
stopped otherwise
94%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,049 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €45,154 | €218,927 | €320,732 | €27,987 | ▼ 91.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,176 | €2,504 | €2,504 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €95,750 | €80,827 | €3,890 | ▼ 95.2% |
| Other operating charges640/8 | €807 | €115 | €914 | €1,126 | ▲ 23.3% |
| Gross operating margin9900 | -€136,514 | -€309,148 | -€168,602 | €27,049 | ▲ 116% |
| Operating profit (loss)9901 | -€182,474 | -€626,116 | -€573,578 | -€8,459 | ▲ 98.5% |
| Financial income75/76B | €209 | €104 | €17,321 | €17,092 | ▼ 1.3% |
| Recurring financial income75 | €209 | €104 | €17,321 | €17,092 | ▼ 1.3% |
| Financial charges65/66B | €7 | €873 | €569 | €613 | ▲ 7.6% |
| Recurring financial charges65 | €7 | €873 | €569 | €613 | ▲ 7.6% |
| Profit (loss) for the period before taxes9903 | -€182,272 | -€626,885 | -€556,827 | €8,021 | ▲ 101% |
| Profit (loss) for the period9904 | -€182,272 | -€626,885 | -€556,827 | €8,021 | ▲ 101% |
| Profit (loss) for the period to be appropriated9905 | -€182,272 | -€626,885 | -€556,827 | €8,021 | ▲ 101% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €79,215 | €1.3m | €852,614 | €742,037 | ▼ 13.0% |
| Fixed assets21/28 | €2,764 | €7,278 | €4,774 | €2,270 | ▼ 52.5% |
| Tangible fixed assets22/27 | €2,764 | €7,278 | €4,774 | €2,270 | ▼ 52.5% |
| Plant, machinery and equipment23 | - | €7,278 | €4,774 | €2,270 | ▼ 52.5% |
| Assets under construction and advance payments27 | €2,764 | - | - | - | - |
| Current assets29/58 | €76,451 | €1.3m | €847,840 | €739,767 | ▼ 12.7% |
| Stocks and contracts in progress3 | €16,485 | €12,174 | €7,947 | €4,057 | ▼ 48.9% |
| Stocks30/36 | €16,485 | €12,174 | €7,947 | €4,057 | ▼ 48.9% |
| Amounts receivable within one year40/41 | €16,609 | €57,523 | €83,632 | €671,503 | ▲ 703% |
| Trade receivables40 | €9,000 | €19,480 | €53,701 | €637 | ▼ 98.8% |
| Other amounts receivable41 | €7,609 | €38,043 | €29,931 | €670,867 | ▲ 2,141% |
| Cash at bank and in hand54/58 | €43,357 | €1.2m | €750,897 | €64,206 | ▼ 91.4% |
| Deferred charges and accrued income490/1 | - | €23,299 | €5,363 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €79,215 | €1.3m | €852,614 | €742,037 | ▼ 13.0% |
| Equity10/15 | -€82,272 | €1.3m | €734,016 | €742,037 | ▲ 1.1% |
| Contributions10/11 | €100,000 | €2.1m | €2.1m | €2.1m | = |
| Profit (loss) carried forward14 | -€182,272 | -€809,157 | -€1.4m | -€1.4m | ▲ 0.6% |
| Amounts payable17/49 | €161,488 | €32,623 | €118,597 | - | - |
| Amounts payable within one year42/48 | €161,488 | €32,623 | €118,597 | - | - |
| Trade debts44 | €32,449 | €11,963 | €89,751 | - | - |
| Suppliers440/4 | €32,449 | €11,963 | €89,751 | - | - |
| Taxes, remuneration and social security45 | €4,039 | €20,660 | €28,846 | - | - |
| Taxes450/3 | - | - | €8,262 | - | - |
| Remuneration and social security454/9 | €4,039 | €20,660 | €20,584 | - | - |
| Other amounts payable47/48 | €125,000 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€182,272 | -€626,885 | -€556,827 | €8,021 | ▲ 101% |
| + Depreciation and write-downs630 | - | €2,176 | €2,504 | €2,504 | = |
| Operating cash flow (approximation) | -€182,272 | -€624,709 | -€554,323 | €10,525 | ▲ 102% |
| Investment in fixed assets (approximation) | - | -€6,690 | €0 | €0 | - |
| Change in cash | - | €1.2m | -€472,294 | -€686,691 | ▼ 45.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
State Gazette act
Appointments: Li-Hsiu Lin, Dong Li and LeijnenPermanent representative: Peter Leijnen · Resignations: Peter Leijnen, Daan Moreels and Kester Goh8 facts ▸
State Gazette act
Appointments: Li-Hsiu Lin, Dong Li and Leijnen
Permanent representative: Peter Leijnen · Resignations: Peter Leijnen, Daan Moreels and Kester Goh8 facts ▸
- General meeting, 26-06-2026
- Director appointment, Li-Hsiu Lin (director)
- Director appointment, Dong Li (director)
- Director appointment, Leijnen (director)
- Permanent representative, Peter Leijnen (permanent representative)
- Director resignation, Peter Leijnen (director)
- Director resignation, Daan Moreels (director)
- Director resignation, Kester Goh (director)
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €8,021
Net result €8,021 after 3 loss-making years.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€626,885
Net result drops to -€626,885, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 85current ratio 40.35
Current ratio from 0.47 to 40.35; short-term debt falls from €161,488 to €32,623.
31-12
Financial
Equity above €1mEq €1.3m
Equity rises from -€82,272 to €1.3m.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26347333). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 3
Dong Li
CurrentDirector · since 26-06-2026
Leijnen
CurrentDirector · since 26-06-2026 · Limited partnership · perm. rep.: Peter Leijnen
Li-Hsiu Lin
CurrentDirector · since 26-06-2026
Permanent representatives 1
Peter Leijnen
CurrentPermanent representative · since 26-06-2026 · for Leijnen
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2021
Ground area
152 m²
Parcel 34353B0377/00L000, Flanders. Linked by address, not a title deed.
1 establishment unit
Axyal
since 20212.320.156.559
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0377/00L000 | Flanders | 152 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
6 people since 2026, 3 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Dong Li |
|
| Leijnen |
|
| Li-Hsiu Lin |
|
| Kester Goh |
|
| Peter Leijnen |
|
| Daan Moreels |
|
Structure & network
Owners and holdings
1 ownerChain of control
- Magnax
- Axyal
Highest known parent: Magnax. The sources do not say who stands above it.
Owners 1
- MagnaxparentSourceaccounts Magnax 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
3 current directorsThe group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 7,500 EUR awarded · 2,380 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 7,500 EUR | 2,380 EUR |
Similar companies · same sector, comparable size
VALOMO
BE 0473.318.428
Zulte · Eq €730,223
Azimut Energy
BE 0797.163.222
Tinlot · Eq €754,505
HOFMAN SIGNALISATION
BE 0414.138.035
Thimister-Clermont · Eq €719,560
DE VUYST BVBA
BE 0860.023.081
Merelbeke-Melle · Eq €767,340
Ateliers BUZE Bobinage Moteurs
BE 0419.928.242
Seneffe · Eq €710,002
Of 263 companies in sector 27110 we hold annual accounts for 173. 116 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
27110Manufacture of electrical equipment
30310Manufacture of other transport equipment
72109Other research and development on natural sciences
Contact
E-mail
info@magnax.com
Phone
0499225225
E-invoicing
Reachable via Peppol
Peppol ID
0208:0771509195
Registered
06-08-2021
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.